The CAPVERTO Exchange – A Secure Alternative for the Unbanked

About Capverto
Inclusive banking systems are engines of economic growth and poverty reduction. Without access to the full spectrum of banking services, unbanked populations must resort to outlets like microcredit networks and payday lenders to fulfill their financial needs, despite the high interest rates, steep fees and limited overall flexibility of such options. The unbanked need fairer, more flexible alternatives.

Cryptocurrencies hold considerable promise in these respects. They do not require the complex infrastructure and bureaucracy of traditionally centralized finance, nor do participants in their ICOs need to possess extensive financial histories or travel in person to any branch offices – both common barriers for unbanked individuals. Participation is often as straightforward as passing a few security verifications to open an online account, and it comes with the central benefit of fewer and lower transaction fees.

To date, digital currencies have gained traction by decentralizing and simplifying the financial tasks that once passed exclusively through traditional institutions and, in the case of payment card use, were costly because they required multiple parties to process. However, these projects have not yet specifically targeted the needs of the unbanked/underbanked.

CAPVERTO Exchange is offering an ICO targeting the unbanked/underbanked, ensuring they have opportunities to harness the unique benefits of cryptocurrency. It bridges the worlds of fiat money and cryptocurrency by combining an international prepaid card program linked to innovative banking and trading features centered on the CAP utility token.

All CAPVERTO Exchange features influence the value of CAP, meaning its price is a reflection of productive activities rather than uninformed speculation. Assets within CAPVERTO Exchange may also be protected with cryptocurrency insurance.

The exchange offers the following :

Prepaid Card Program
When it comes to prepaid programs, Capverto develops prepaid cards that serve as the link between fiat money and cryptocurrency. For instance, if you own the prepaid card, you will receive an amount of CAP tokens equal to the tier of the card purchased, which starts at $100 for the basic blue card.
You can use the Capverto card for in-store and online purchases. When you shop using the card, up to 2 percent of every transaction is reinvested into CAP, which eventually influences the token’s value. Besides, there is a full-blown reward system, which enables direct discounts at affiliated merchants.

Secure P2P Lending and Borrowing
Capverto exchange enables secure and convenient P2P transfers. Instead of owning cryptocurrency and hoping it will appreciate, holders of the currency can lend up to half of their remaining asset value and generate interest from it. Annual interest rates currently stand at 8 percent, the amount that lenders can get instantly. In the meantime, borrowers can benefit from not having to depend on traditional financial institutions.

Copy Trading Platform
With Capverto, users can easily follow and copy trades and portfolios others. Copy trading provides new users with an easy way to get started while also influence the value of the CAP token. There is much more to this clause, as 10 percent of the profit made on the platform is sharable between the original trader and Capverto exchange. The deduction and sharing happen automatically and once done, the exchange reinvests its share in CAP.

Cryptocurrency Insurance
A unique feature on the platform, the cryptocurrency insurance gives users peace of mind that their valuable assets are safe from theft. This product drew its inspiration from the famous Mt Gox exchange in Tokyo. Capverto exchange offers this product in partnership with RiskPoint.

Bringing it all together within the Capverto platform
With the Capverto prepaid card, the problems of fiat-crypto exchange, a need for financial incentives rather than penalties for unbanked people, and the sustainability of the CAP token are solved. Users can additionally take advantage of other features Capverto offers, such as transferability, P2P lending and borrowing, and insurance beyond the security the blockchain platform provides.

In other words, using the Capverto prepaid card option is not just a tool to fulfill the immediate needs of the underbanked. It is a doorway to new opportunities and options for their money management, one that in the traditional banking world, would never have been attainable for them. Capverto’s prepaid card has the potential to change people’s financial future for the better.

Innovative Cryptocurrency Insurance
CAPVERTO Exchange has taken into account the risks that are associated with the network cryptocurrency trading, and, because of that, it offers its members cryptocurrency insurance. This insurance product, initially inspired by the 2014 Mt. Gox hack and shutdown, is among the first ones of its type. The product is managed by RiskPoint, an underwriting company which has been providing insurance solutions since 1917.

The cryptocurrency insurance service employs advanced cybersecurity implementations, being composed of two-factor authentication (2FA), know-your-customer (KYC), anti-money laundering (AML), and proof-of-address – to lower any possibilities of a hack or a technical error/bug. Because of these measures, those that decide to use CAPVERTO’s services can do so knowing that their assets are secured against cyber threats.

Aiding the Unbanked
As a cryptocurrency suite specifically for the unbanked population, the CAPVERTO Exchange offers a range of additional services, which revolve around the CAPVERTO Token (CAP).

These include a prepaid card program, secure peer-to-peer (P2P) lending and borrowing, and a copy trading platform, enabling users to copy what top traders are doing and profit from them.

The prepaid card is the gateway to all services on the exchange, which each member is required to purchase before conducting any business on the platform. The prepaid card program is multi-tiered by colour, starting with the $100 blue card. Cards are provided in both physical and virtual forms and can be used online, in physical ATMs, and stores worldwide.

With each card purchase, the value is conferred in CAP utility tokens. The owner is required to hold a portion for at least six months. Additionally, two per cent of the transaction total is collected as fiat money and reinvested in CAP, according to the platform.

Regarding P2P money transfers and crypto lending, the CAPVERTO Exchange web portal connects each user with an IBAN/SWIFT account for fast, convenient, and and low-fee P2P transfers. The platform’s white paper states that these are more economical compared to Western Union and FOREX, especially when sending money internationally.

It’s hoped that with these measures in place it will help to lower the entry barrier for the unbanked population.

Cashback within CAPVERTO
CAP, the core of CAPVERTO, is a utility token.The token is involved in all of the key operations of the platform:

Whenever a member purchases an international prepaid card, an equivalent amount of CAP is transferred into their account. So for the starting tier – blue – that would amount to $100 worth of CAP.
Cash back rewards are awarded as CAP. Up to 2 percent of each transaction with the card, depending on its color tier, is eligible for cashback in the form of CAP tokens, meaning that all user card activity continually influences CAP holdings and total value.
CAP is also distributed as part of the copy trading system. When a trader’s portfolio is copied, a percentage of the total profit that the follower would have accrued is given to the original trader, partially as CAP with the rest denominated in the traded currency.
The CAP utility token is the engine powering CAPVERTO, to benefit the unbanked and underbanked.ICO Details
General information
Token : CAP
Platform : Ethereum
Standard : ERC20
Quantity : 250,000,000 CAP
Price: 1 CAP = 1.82 USD
Payment : ETH
Soft cap : 1,125,000 CAP
Hard cap: 171,375,000 CAP